I've had a short bias on this pair for 2 weeks now, with a few successful smaller TF trades (and 1 losing trades).
As you can see, on the Monthly TF we're also showing signs of bearish pressure.
Monthly
- Hanging Man formation complete
- Dragonfly Doji almost complete with 3 days trading left this month)
- Key support turn resistance
Weekly
- Bullish channel break
- Bullish pressure has returned (showing indecision against bearish outlook or a bull trap)
Daily
- Double top
- Arguable Tweezer Tops
I'm sitting on my hands for now, but still anticipating a move down.
Let's see what the referendum brings regarding the Brexit.
As you can see, on the Monthly TF we're also showing signs of bearish pressure.
Monthly
- Hanging Man formation complete
- Dragonfly Doji almost complete with 3 days trading left this month)
- Key support turn resistance
Weekly
- Bullish channel break
- Bullish pressure has returned (showing indecision against bearish outlook or a bull trap)
Daily
- Double top
- Arguable Tweezer Tops
I'm sitting on my hands for now, but still anticipating a move down.
Let's see what the referendum brings regarding the Brexit.
